NIIT enters into strategic partnership with Nasdaq-listed Cornerstone
NIIT, a leading provider of managed training services, announce that it has formed a strategic relationship with Nasdaq-listed Cornerstone OnDemand, a global leader in cloud-based learning and human capital management software.
The two companies will collaborate in the areas of implementation, business consulting, technical and content consulting, and outsources administration. As a part of the agreement, NIIT will add Cornerstone certified administrators and resources to its implementation and support teams across the globe, with the initial implementation in Canada.
NIIT will in turn, support Cornerstone in training content rebuild with high quality, modern learning content, specially for modern learner engagement, audience management, content reduction, governance and non-mandatory services.
Share of NIIT Limited on the NSE is trading at Rs 90.15 per share higher by Rs 3 per share or 3.335 at 1225 hours. It has delivered merely 6% returns in a period of one-year and has underperformed the BSE Small Cap and BSE IT indices over the same time span.
Stock view :-
NIIT Ltd is currently trading at Rs 89.9, up by Rs 2.45 or 2.8% from its previous closing of Rs 87.45 on the BSE.
The scrip opened at Rs 87.55 and has touched a high and low of Rs 91.4 and Rs 87.2 respectively. So far 1546409(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1450.71 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 107.8 on 20-Sep-2016 and a 52 week low of Rs 67 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 90.9 and Rs 85.6 respectively.
The promoters holding in the company stood at 34.18 % while Institutions and Non-Institutions held 22.66 % and 43.16 % respectively.
The stock is currently trading above its 50 DMA.
NIIT Ltd :-
BSE 90.15 2.70 (3.09%)
NSE 90.20 3 (3.44%)
The two companies will collaborate in the areas of implementation, business consulting, technical and content consulting, and outsources administration. As a part of the agreement, NIIT will add Cornerstone certified administrators and resources to its implementation and support teams across the globe, with the initial implementation in Canada.
NIIT will in turn, support Cornerstone in training content rebuild with high quality, modern learning content, specially for modern learner engagement, audience management, content reduction, governance and non-mandatory services.
Share of NIIT Limited on the NSE is trading at Rs 90.15 per share higher by Rs 3 per share or 3.335 at 1225 hours. It has delivered merely 6% returns in a period of one-year and has underperformed the BSE Small Cap and BSE IT indices over the same time span.
Stock view :-
NIIT Ltd is currently trading at Rs 89.9, up by Rs 2.45 or 2.8% from its previous closing of Rs 87.45 on the BSE.
The scrip opened at Rs 87.55 and has touched a high and low of Rs 91.4 and Rs 87.2 respectively. So far 1546409(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1450.71 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 107.8 on 20-Sep-2016 and a 52 week low of Rs 67 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 90.9 and Rs 85.6 respectively.
The promoters holding in the company stood at 34.18 % while Institutions and Non-Institutions held 22.66 % and 43.16 % respectively.
The stock is currently trading above its 50 DMA.
NIIT Ltd :-
BSE 90.15 2.70 (3.09%)
NSE 90.20 3 (3.44%)
Comments
Post a Comment